US Spot Bitcoin ETFs See $17B YTD Net Flows
Eric Balchunas highlights the $17B net flows in US Spot Bitcoin ETFs as a key indicator of genuine demand and adoption, independent of price appreciation. Eric Balchunas, a Senior Bloomberg ETF Analyst, observed that this is the inaugural instance of the offering reaching this level. He believes that this figure is the most critical to […]
Bitcoin ETFs Lose $1.3B in 2 Weeks Amid Market Slump
U.S. Bitcoin ETFs saw $1.3 billion in outflows over two weeks amid Bitcoin’s price decline, with Grayscale leading at $517.3 million, per Farside Investors. Over the last two weeks, $1.3 billion has been taken out of US spot Bitcoin exchange-traded funds (ETFs) as the price of Bitcoin keeps going down. Farside Investors data shows that […]
Hawkish Fed Stance Led to $620 Million Outflows from Bitcoin
The BTC price experienced severe selling pressure due to substantial outflows from spot Bitcoin ETFs as the Hawkish Fed stance impacts future rate cuts. The most recent report from CoinShares indicates that the digital asset investment products experienced outflows tallying $600 million over the past week. This resulted from the FOMC meeting, which was more […]
Bitcoin Price Isn’t Moving Despite Billions In ETF Inflows; Why?
Traders explain why Inflows into Spot Bitcoin ETFs in the United States caused no increase in Bitcoin price on the 19th day. Numerous individuals wonder why Bitcoin’s price has not surpassed its all-time high established in March, despite a record 19-day stretch of inflows into United States-based spot Bitcoin exchange-traded funds (ETFs). According to analysts, […]
Bitcoin ETFs Gain Attention as BTC Price Surpasses $71K
Tether invests $18.75 million in XREX Group to enhance cross-border B2B payments and develop regulatory technology for stablecoins. Tether, a stablecoin issuer, has disclosed an investment of $18.75 million in XREX Group, a cryptocurrency exchange headquartered in Taiwan. XREX stated in a statement that was shared with The Block that the company intends to further […]